Construction Services Group Case Study: Arrivé Tower
Nova Consulting’s Veteran Construction Services Group Streamlines Management Of 41-Story, $225 Million Skyscraper Project
Nova’s Construction Services Group performed an upfront Construction Document Review before assuming responsibility of both construction loan monitoring and servicer reporting. This dual role has provided the clients a more holistic view of hard and soft costs associated with the construction of Arrivé Tower in Seattle.
Nova has drawn on its deep experience to provide a comprehensive view of project expenses by reporting ...
Money flows on a construction project, from lender to borrower to general contractor to subcontractor and supplier—that’s a lot of changing hands, and that means risk. This is why our lending clients often ask for advice on the specifics of lien laws and lien waivers. For those active in construction lending, one version or another of a lien waiver document likely crosses your computer screen at least once a day. These files are a lot like receipts—receipts which state that, in ...
It’s sometimes difficult for a lender to determine the extent of due diligence necessary when funding a construction project. When engaging a consultant, you are looking for a partner and guide through the pre-construction, construction, and closing stages of a project. You want the deal started on the right foot. Therefore, whether you are affiliated with a larger lending institution with an internal engineering department or your construction lending is handled on a case-by-case basis, it is important to have a trusted ...